PM says that we should use the mobile phones as banks. Accepted! But the moot question is how will the 30-35% of the uneducated public use mobile phones for operating their accounts. It is to emphasise that even educated people are very wary of using smartphones and Modiji wants uneducated people to use their mobiles.
Another important question that would arise is - does India have a strong anti hacking sites? I am not sure. I am of the opinion that Modiji is getting a bit carried away and there seems to be some hurry in taking decisions. more  

JOIN DIGITAL INDIA more  
The banks in rural areas including cooperative banks which do not have online infrastructure, can in these times of cashlessness promote offline cash transaction means, they can provide tips to their customers and encourage them to use cheques and drafts and get their passbooks updated. People should plan their transactions and pay and accept cheques, they should get their passbooks regularly updated. People should be eager about learning, literate members of family/social groups should help other members to become literate (if they are not), it is not difficult at all. People should also learn the basics of bank transaction including safe bank transactions. more  
Education is not important to live.It can only make ones life better.The uneducated if realize that pay TM is required for living,they try to learn its operations somehow.A house maid comes with a mobile phone and fixes her appointments through the same!Where there is a will,there is a way!The opposition is searching a black cat in a dark room where there is no cat at all!In the name of the people, they shout because they only want status quo for their own benefit!This can only happen in India! more  
The cooperative banks are badly cash strapped and these are the banks which serve the farmers and rural population where the rural people have accounts. In the news, today, it said that the cooperative banks are going on strike. In the city we are lucky to have accounts in banks through which we get services like online banking, debit/credit cards, mobile wallets etc. but cooperative banks provide very basic services and are not yet geared up to provide cashless transaction services to their rural customers. All around me I see people very eager to learn, even the sabjeewallas and other small vendors near my residence have learnt to use pay TM and are accepting cashless transactions through Pay TM. Even the rural population can learn these basics but the question is do they have access to banks through which such services can be offerred, are the cooperative banks ready? more  
Post a Comment

Related Posts

    • Is aviation minister facilitator of airline loot

      A friend who was booking this am said the airfare from Delhi to Leh, one way is now Rs 30,000 in economy class. The Govt by removing fare cap has made a gross mistake something that ena...

      By Seema Mehra
      /
    • Approach with wrestlers must change

      The way wrestlers were handled by Delhi Police was very inappropriate and this approach must be corrected. Can you imagine the Delhi Police ever dragging Rohit Sharma, Virat Kohli, Sachi...

      By Neelam Bose
      /
    • Values for the new parliament

      So well articulated in here by our bollywood badshah. Let us all ensure that we dont elect any parliamentarian who divides people, polarises people, is corrupt, doesnt respect women or has criminal...

      By Ruchika L Maheshwari
      /
    • Why exchange of 2000 is not being stopped

      This localcircles survey is going everywhere in whatspp groups saying people support this move of Govt.

      By Rajeev Shukla
      /
    • Assessment of Central Government

      For last 5-6 years I have been seeing LocalCircles doing survey on performance of Central Govt and these surveys have been very reflective of the ground mood. However this year the LC Manager hasn&...

      By Shirisha Kumar
      /
    • Terrible vip culture of babus

      In Chhattisgarh, an officer's I-phone fell into a dam reservoir. Two pumps of 30 horsepower, ran 24 hrs, and pumped out-hold your breath- 21 lakh litres of water, this water could have irrigated 1,...

      By Sudesh Rai
      /
    • Air Conditioning after sales services

      Most companies are quite poor and slow and expensive when it comes to service and repair of ACs and that is why so many of us rely on the local vendors. Govt should form rules around res...

      By Reeta Kumar
      /
    • Govt and RBI not thinking right

      Attached currency exchange update from RBI says that exchange will carry on as before. If no ID proof is needed, what will prevent a repeat of 2016 when people were hired to exchange cur...

      By Dipali Yadav
      /
    • Jewellers have started charging premium for accepting 2000

      Some Jewellers have started Charging a Premium on Gold for Accepting the ₹2000 Currency Note Gold Official Rate (With GST) - ₹63,800 Unofficial Rate if Paid with ₹2000 - ₹67,000

      By Venkata Lukka
      /
    • 2000 rupee note exchange will be problematic

      Why Demonetisation in 2016 was a scam. And so, why 2023's Rs2000 note exchange is the scam repeat. Here is how it works: Suppose you have Rs 20 lakh in black in Rs 2000notes. You can't ...

      By Ruchika L Maheshwari
      /
    • TCS on foreign spending

      Glad LC manager took this up and we made lots of noise on various platforms including LC and the Govt has announced action (attached) that those spending under 7L per year abroad wont be subjected ...

      By Shikha Jain
      /
Share
Enter your email and mobile number and we will send you the instructions

Note - The email can sometime gets delivered to the spam folder, so the instruction will be send to your mobile as well

All My Circles
Invite to
(Maximum 500 email ids allowed.)